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Squeeze Breakout Buys
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Agatha
Member |
26-Jun-2007 10:24
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Is correction time??? drop so much since yesterday. |
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j3r0m3
Veteran |
26-Jun-2007 10:02
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Gap up lei... |
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ghlau935
Veteran |
26-Jun-2007 10:01
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Congrats to those see wrongly............lol.... |
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GlenZen
Member |
26-Jun-2007 09:58
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Oops! see wrongly - is counter haven't open. LOL! Sorry for wrong info! |
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GlenZen
Member |
26-Jun-2007 09:21
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Sunlight: HALT. Perhaps some good news awaits. Congrats to those vested. |
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terencefok
Master |
26-Jun-2007 08:53
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Hi Ray, how is asia power after yesterday's move? Thanks |
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elmo10
Member |
26-Jun-2007 08:09
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Hi Ray the word correction means What???? |
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rayphua
Member |
26-Jun-2007 08:05
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DJI Updates The peaks in early and late June could have been classified as a double top which is rather bearish if the DJI does not move north soon. The candlewicks show that bulls were evidently around but were unable to hold its high at 13489 with the bears coming in to close it near its open. The 13300 level is currently the most immediate support level. If this breaks, fall back on the 13265 mark that I mentioned in my earlier DJI posts (More on the US market after chart). Funds remains constant as of 2 market days ago. Indecision. Thanks to CNBC. Stocks End Volatile Session Lower on Subprime Concerns
Topics:Economy (U.S.) | Economy (Global) | Market Outlook | Currencies | The Bond Report | Stock Market
Sectors:Oil and Gas
Stocks ended a volatile session in negative territory as investors were rattled by concerns regarding leveraged mortgage securities held by two Bear Stearns hedge funds. "We will see a splash near term as some of these funds need to unwind positions in paper that really isn't traded too much," said Jack Ablin, chief investment officer at Harris Private Bank. "There is going to be a couple of weeks of sloppy trading in that space." The Dow Jones Industrial Average closed down 8 points after being up as much as 129 points earlier in the session. The S&P 500 fell below the 1500 mark with a modest loss of 0.3% while the Nasdaq Composite declined 0.4%. Investors have been nervous regarding subprime mortgage problems at two Bear Stearns [ Loading... (%) ] hedge funds would spread. A spokesman for Bear Stearns was unavailable for comment. Just three of the 10 economic sectors tracked by S&P ended higher with gains seen for the rate-sensitive utilities sector, along with telecoms and health care stocks. Materials stocks, energy and the financials led downside sector movers. The yield on the 10-year Treasury note [US.10 5.089 0.013 (+0.26%) ] fell, as Treasury prices rose. "We still have the subprime issues within the hedge fund portfolios," said Richard Suttmeier, chief market strategist at RightSide.com. "There's a lot of things that could shake up the market as liquidity dries up." Also adding to Monday's subprime concerns was a report which said Goldman Sachs subprime mortgage bonds issued last year are being downgraded by credit rating companies at the fastest rate of any issuer, according to Reuters. "The fundamentals are still very good," said Michael Darda, chief economist at MKM Partners. "Despite all of these fears, corporate credit spreads actually are close to their narrrowest level for the entire year. So that tells me that there's really no evidence of a contagion here, whatsover." European Stocks Close Mixed European stock markets pared losses to close mixed as investors continued to worry about the outlook for interest rates despite more merger and acquisition activity. The London FTSE-100 [FTIND 6588.4 21.00 (+0.32%) ] finished moderately higher, while the Paris CAC-40 [CAC40-FR 6002.85 -20.40 (-0.34%) ] and the Frankfurt DAX [DAX-XE 7930.61 -19.02 (-0.24%) ] fell moderately. The Bank for International Settlements said Sunday that central banks around the world should raise interest rates further to curb inflation pressures. It added that the good economic environment meant that rates should start moving higher to normal levels. Asian Stocks Lower Asian stocks traded lower as many of the major benchmarks failed to shake-off Friday's dismal session in the U.S. The Nikkei 225 [NIKKEI 18087.48 --- UNCH (0%) ] fell into negative territoy, but electronic plays rallied on reports JVC is likely to merge with audio equipment maker Kenwood. Both stocks rose even though the two parties denied talk that any decisions have been made. Nintendo shares defied the inital market downtrend on news that it outplayed rival Sony in terms of market value, becoming one of the top ten issues for the first time ever. Nintendo rose as much as 2%. South Korea's KOSPI did its best to stay afloat, inching up 10 points to 1,781.90. Analysts say the rapid rise caused uneasiness in the market. In Australia, the S&P/ASX200 fell nearly 1% to 6,337.9 in line with the early regional market decline. Elsewhere in Asia, Hong Kong's Hang Seng Index was lower, as was the Straits Times Index. The Shanghai Composite Index fell dematically by 3.7%. Meantime, the Taiwan Weighted Index jumped 1.1% as a weekend announcement by the front-runner of the island's next presidential election, Ma Ying-jeou, sparked hopes of improving economic outlook. |
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cashiertan
Elite |
26-Jun-2007 01:46
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Ray, Sold my Rotary today. wanna see if it can bounce off 14 days sma or it is ready for a slight correction.. |
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woftribe
Member |
25-Jun-2007 23:25
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Hi Bros, I came across the term RS = Average of x days' up closes / Average of x days' down closes while reading the RSI link.. Can anyone tell me what is "Up closes" vs "Down closes"? Thanks. |
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Dj_insider
Member |
25-Jun-2007 21:43
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Hi bergbery, my definition of squeeze breakout is simple. A squeeze breakout its a squeeze from BBs to all contra players. Eg. T3 & T5. Once the contra players are being squeeze out from the counter for a period and when they found that the trading quantity began to become lower, then it means there's nothing to be squeeze from the contra players. Then the BBs will push the price up. Noramlly, I will also monitor the OBV. If its high, I will get prepare to enter my position. Juz a simple definition by me. I'm neither a TA nor FA. Juz some trading experience :-p |
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dawnsj
Member |
25-Jun-2007 18:09
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Hi, Shinka & Dj_insider You are welcome. ; ) We are here to share whatever info we have. I have also benefitted from the postings in SJ. Thanks to the administrators for this website! |
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shinka
Member |
25-Jun-2007 17:46
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Hi dawnsj! Cheers for replying to my post. Thanks loads! I am looking around for a good one. Cos I dont feel good giving providing money for little return. The remisier must work hard for his money! |
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Dj_insider
Member |
25-Jun-2007 17:15
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Hi dawnsj, Thanks for your reference. (^_^) |
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elmo10
Member |
25-Jun-2007 14:21
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is it ok to buy sunlight at 0.16 Ray |
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ed88ks
Senior |
25-Jun-2007 14:17
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YOU ARE SHARP !!! SUNLIGHT IS BEGINNING ONLY , YES VESTED, CHEERS RAY!!!! |
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dawnsj
Member |
25-Jun-2007 13:23
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Hi, Dj insider She is from POEMs. U can eml to me at hmnss07@hotmail.com for more info. |
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bergbery
Member |
25-Jun-2007 12:49
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Hi j3r0m3, Thanks for the link... |
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ghlau935
Veteran |
25-Jun-2007 12:38
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Thanks Ray, Vested @ 0.155 |
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j3r0m3
Veteran |
25-Jun-2007 11:59
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Hi bergbery, you can refer here about squeeze breakout |
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